Quadrant Capital Group LLC Purchases 12,280 Shares of Woori Bank $WF

Quadrant Capital Group LLC increased its position in shares of Woori Bank (NYSE:WF) by 38.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 44,028 shares of the bank’s stock after buying an additional 12,280 shares during the quarter. Quadrant Capital Group LLC’s holdings in Woori Bank were worth $3,167,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP grew its stake in Woori Bank by 47.5% in the first quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock valued at $13,248,000 after purchasing an additional 64,055 shares in the last quarter. Nykredit A S acquired a new position in Woori Bank in the 2nd quarter worth about $2,684,000. First Trust Advisors LP increased its position in Woori Bank by 88.2% in the 1st quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock worth $2,191,000 after purchasing an additional 15,417 shares during the last quarter. Corient Private Wealth LP increased its position in Woori Bank by 63.4% in the 2nd quarter. Corient Private Wealth LP now owns 39,631 shares of the bank’s stock worth $2,275,000 after purchasing an additional 15,381 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in Woori Bank in the 1st quarter worth about $1,172,000. Institutional investors and hedge funds own 3.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen downgraded Woori Bank from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Woori Bank Stock Performance

WF opened at $70.48 on Thursday. The company has a market cap of $17.31 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.64 and a beta of 1.03. The stock has a 50-day moving average of $74.13 and a 200-day moving average of $68.08. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, July 24th. The bank reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.13). Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. As a group, equities research analysts forecast that Woori Bank will post 9.61 earnings per share for the current fiscal year.

About Woori Bank

Woori Bank is a South Korean commercial bank that provides financial services to individuals, businesses and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment and card services, foreign-exchange services, wealth management and other banking products.

The bank serves customers through a network of branches, digital banking platforms and other distribution channels in South Korea. It also supports Korean companies and individuals conducting business internationally through overseas branches, subsidiaries and representative offices in selected markets.

Woori Bank traces its origins to Daehan Cheon-il Bank, established in 1899, and is regarded as one of South Korea’s oldest banking institutions.